Google Wallet the next big thing?

Remember Google’s mobile payments system that we talked about earlier in the week? Well, it seems that it has been christened as Google Wallet, no thanks to an internal memo from The Container Store. The memo which was published by Thisismynext.com claims that the Internet search and advertising giant has plans to roll out Google Wallet sometime before summer is over. Below is an excerpt.

…this summer Google will launch a test of “contactless” payment through a mobile device–so customers will be able to just tap a special device and pay with their phone in stores at POS! And this Thursday, Google will announce all of the innovative retailers who will be participating in their test–and guess who is on that list? You got it right! We are! And how cool that Google thought of us, The Container Store!

Stay tuned for many more details regarding this test of Google Wallet and the participating markets. We won’t start this program September 1st, but thought that we should all have the heads up on this neat opportunity now because we expect it will receive a lot of press in the upcoming weeks when Google makes its official media announcement about this initiative.

Google representatives have remained mum about the situation, but perhaps the Google media event later tomorrow in New York might shed more light on the situation. More and more cookie jars (different industries) are seeing Google stretch their hands – nay, tentacles all over it seems.